Ukraine's creditors vote this week on a government proposal to defer payments on the war-torn country's international bonds for 24 months as Kyiv hopes to swerve a $20 billion messy default.
Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide whether to back or vote down the proposal by Ukraine's government, which faces a $5 billion monthly financing gap and liquidity pressures following Russia's invasion on Feb. 24. Time is precious: the country has a $1 billion bond maturing on Sept. 1.
